Ametek Inc

Industrials
Industrial Machinery/Components
www.ametek.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $43.97B
PE 33
Debt $2.34B
Cash $396.27M
EV $45.91B
FCF $1.68B

Earnings

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Sales & Net Margins

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Earnings	$1.33B
EBIT	$1.76B
ROE	14%
ROA	12%
FCF	$1.68B
Equity	$9.55B
Growth Stability	100%
PE	33.02
PEG	2.79
PB	4.6
P/FCF	26.1
P/S	6.36
Price/Cash	0.01
Debt/Equity	0.24
Debt/FCF	1.39
Net Margins	19%
Gross Margins	35%
Op. Margins	25%
Earnings CAGR	12%
Sales Growth YoY	5%
Sales Growth QoQ	-2%
Sales CAGR	7%
FCF CAGR	11%
Equity CAGR	13%
Earnings Stability	0.93
Earnings Growth YoY	-0%
Earnings Growth QoQ	1%
Earnings CAGR 5Y	12%

Sales CAGR 5Y	9%
FCF CAGR 5Y	9%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	29%
Equity CAGR 3Y	14%
Market Cap	$43.97B
Revenue	$6.91B
Dividend Yield	1%
Payout Ratio	19%
Assets	$14.77B
Total Debt	$2.34B
Cash	$396.27M
Shares Outstanding	231.04M
EV	45.91B
Earnings Score	94%
Moat Score	94%
Safety Score	95%
Final Score	94%
Working Capital	766.77M
Current Ratio	1.39
Gross Profit	$2.45B
Shares Growth 3y	0%
Equity Growth QoQ	3%
Equity Growth YoY	14%

Assets & ROA

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Stockholders Equity & ROE

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Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through two segments: electronic instruments, or EIG, and electromechanical, or EMG. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.

SEC Filings

Direct access to Ametek Inc (AME) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Ametek Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ametek Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 93%

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Ametek Inc Discounted Cash Flow

Fully customizable DCF calculator online for Ametek Inc.

Years

Calculation mode

= $36B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.7B	$1.9B	$2.1B	$2.3B	$2.5B	$2.8B	$3.1B	$3.4B	$3.8B	$4.2B	$4.7B	$47B
DCF		$1.7B	$1.7B	$1.7B	$1.7B	$1.7B	$1.8B	$1.8B	$1.8B	$1.8B	$1.8B	$18B
Value	$36B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	15%	15%	13%	16%	16%	17%	19%	18%	19%	20%	19%
ROA	-	14%	11%	12%	12%	12%	10%	11%	12%	11%	12%
ROE	-	18%	16%	17%	18%	17%	15%	14%	16%	15%	14%

Good Net Margins (19.09%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	3.86	3.78	3.27	3.55	3.23	2.11	2.72	2.58	2.96	1.39
Debt over Equity	0.62	0.72	0.8	0.62	0.71	0.64	0.43	0.42	0.35	0.54	0.24
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (1.39)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.24)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-1%	-3%	12%	13%	6%	-12%	22%	11%	7%	9%
Earnings YoY growth	-	1%	-13%	33%	14%	11%	1%	13%	17%	13%	12%
Equity YoY growth	-	0%	0%	24%	5%	21%	16%	16%	9%	17%	14%
FCF YoY growth	-	-8%	15%	9%	11%	20%	19%	-13%	-4%	58%	9%